Question No: 161 – (Topic 2)

Which of the following forecasting methods is described in the statement below?

quot;It is based on the assumption that it is possible to identify some factors that might influence the variable that is being forecasted.quot;

Judgmental method

Causal/econometric method

Time series method

Ensemble forecasting

Answer: B

Question No: 162 – (Topic 2)

What forecasting method would your project use if your project customer requires an

autoregressive moving average for performance forecasting?

Ensemble forecasting

Judgmental methods

Time series method

Causal/econometric method

Answer: D

Question No: 163 – (Topic 2)

Which of the following does not require the WBS as an input?

Activity definition

Cost estimating

Negotiation

Resource planning

Answer: C

Question No: 164 – (Topic 2)

Which of the following is an input to the Identify Risk process?

The project scope statement

Residual risks

Return on investment

Referent power

Answer: A

Question No: 165 – (Topic 2)

Billy is the project manager of the PQW Project and she has an assigned project budget of

$655,000. Currently she is 80 percent complete with the project though she was scheduled to be 100 percent done by this date. She has spent $490,000 to date and other than the project schedule, which was delayed because of a vendor, the project is going well. What

should Billy report as her schedule performance index for this project?

A. 1.23

B. $524,000

C. .80

D. 100 percent because the vendor caused her lateness

Answer: C

Question No: 166 – (Topic 2)

Lamont is the project manager of a project that has recently finished the final project deliverables. The project customer has signed off on the project deliverable and Lamont has a few administrative closure activities to complete. In the project, there were several large risks that could have wrecked the project but Lamont and his project team found some creative methods to resolve the risks without affecting the project costs or project end date. What should Lamont do with the risk responses he identified during the project#39;s monitoring and controlling process?

Include the risk response in the project risk management plan.

Include the responses in the project management plan.

Include the risk responses in the organization#39;s lessons learned database.

Nothing. The risk responses are included in the project#39;s risk register already.

Answer: C

Question No: 167 – (Topic 2)

Mark works as a project manager for PassGuide Inc. He and his team are working on a new project that involves developing a plan for a new building. You have started estimating the activity durations. You find some uncertainty about the estimates due to the nature of the project. This is your first project. Which of the following estimation techniques is the most likely method that Mark could use to ensure improvement in estimation?

Three-point estimation

Analogous estimation

Hands-down estimation

Top-down estimation

Answer: A

Question No: 168 CORRECT TEXT – (Topic 2)

Fill in the blank with the appropriate term.

involves the implementation of strategies to reduce the negative aspects of conflict and to increase the positive aspects of conflict at a level equal to or higher than where the conflict is taking place.

Answer: Conflict management

Question No: 169 – (Topic 2)

Which of the following is described in the statement below?

quot;It is an approved time-phased budget that monitors and measures cost performance throughout the project life cycle.quot;

Cost baseline

Scope baseline

Cost budgeting

Cost estimation

Answer: A

Question No: 170 – (Topic 2)

You are the project manager for your organization. Your project is doing fine on time and cost, but management wants to address the project performance for future accomplishment. Management has asked you to begin reporting and forecasting your project#39;s health based on a moving average, extrapolation, trend estimation, and growth curve. What type of forecasting method is management asking you to use?